Newark Sublease

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Newark

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
4,600
As of: March 12, 2017

Newark Rates

The typical asking rate per listing is in the $10's per square foot per year. The Newark submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 17% decline in rent.

Newark Listing Supply

In the last 90 days, 2 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 1975 and are Class B.

Newark Community

Market Report

Trends and status of the commercial real estate market in Newark.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newark.
Research